This settlement sends a strong message that banks that prey on customers and investors will be held accountable. I will continue to investigate financial institutions that bend the rules for their own benefit, and pursue equal justice for all New York families.
In Texas, we pay welfare moms with three kids $260 a month. In other words, our welfare moms don't have enough money to buy drugs or enough time to take them. But don't worry, Rick Perry has a solution for a problem that doesn't exist.
Down the line, many hope that what Occupy has failed to accomplish, hard-nosed prosecutors might be able to provide: a measure of justice for the millions of aggrieved homeowners either forced out in foreclosure.
I cover housing and finance for The Huffington Post. Yet on Nov. 21, 2007, I bought into the company identified more than any other with the subprime bubble and subsequent crash. I bought a $1,037 chunk of Countrywide Financial.
We're screwed. That's as good a place to start this post as any. Congress and the Administration have been co-opted -- bought and paid for. Financial regulation is a joke and fraud is a business model and seen as standard operating procedure.
Steal a Snickers bar from the 7-11 and you could face jail time. Angelo Mozilo took a half billion dollars in compensation for loans that blew up our economy. And so far, he's gotten off virtually scott free.